Director, Compensation
$166k - $216kSaks Fifth Avenue
Role Description
As the Director of Compensation, you will design, implement, and govern comprehensive compensation strategies that attract and retain top-tier talent across our diverse ecosystem—spanning corporate headquarters, luxury retail stores, and high-volume distribution/fulfillment centers.
Serving as a strategic partner to leadership and HR business partners, you will own all aspects of broad-based compensation, market pricing, annual merit cycles, and incentive plan design. This role focuses entirely on non-executive compensation, ensuring equity, competitive positioning, and operational excellence.
What You Will Do
- Strategic Market Positioning & Benchmarking
- Omnichannel Architecture: Design and maintain distinct compensation structures tailored to our three primary workforces: Corporate (HQ), Retail Field, and Logistics (DC/FC).
- Market Intelligence: Lead the annual participation in luxury retail and general industry compensation surveys. Analyze market trends and data to ensure competitive positioning.
- Pay Structures: Establish and evolve geographic differentials, salary bands, and hourly wage structures that reflect local market pressures and economic shifts.
- Manage market pricing of new roles and ongoing updates to pay ranges.
- Program Management & Annual Cycles
- Merit & Bonus Planning: Own the end-to-end execution of the annual merit review, cost-of-living adjustments (COLA), and store incentive/bonus planning cycles.
- Retail Incentives: Partner with Retail Leadership to evaluate, audit, and optimize sales commission structures, and store bonus and commission programs to drive sales.
- DC/FC Wage Strategies: Design and manage progressive wage scales, shift differentials, and peak-season premium pay strategies for fulfillment center populations.
- Compliance, Governance & Audits
- Pay Equity: Conduct regular internal equity analyses and comprehensive audits to ensure fair pay practices and compliance with evolving global, federal, state, and local labor laws.
- FLSA & Job Classification: Oversee the evaluation and classification of new and existing roles, ensuring robust job descriptions and compliance with FLSA regulations.
- Budgeting & Reporting: Partner with Finance to forecast compensation spend, model the financial impact of plan changes, and deliver regular analytics.
- Team Leadership
- Build and lead a high-performing team that demonstrates partnership, operational excellence, and accountability.
Qualifications
- Experience: 10+ years of progressive experience in compensation management.
- Technical Savvy: Advanced Excel skills (modeling, macros, complex formulas) and deep experience working with modern HRIS platforms (e.g., Workday, SuccessFactors) and compensation market pricing software (e.g., MarketPay, Payfactors).
- Compensation Market Data: Experience working with compensation consulting firms and market pricing/data.
- Education/Certifications: Bachelor’s degree in HR, Finance, Business Administration, or related field. Certified Compensation Professional (CCP) designation is a strong plus.
Preferred Qualifications
- Retail or eCommerce experience including corporate, stores commission plans.
Benefits
- Opportunity to work in a dynamic fast-paced environment at a company experiencing growth and transformation.
- Exposure to rewarding career advancement opportunities across the largest multi-brand luxury retailer from retail to distribution, to digital or corporate.
- Comprehensive benefits package for all eligible full-time employees (including medical, vision, and dental).
- An amazing employee discount.
- We offer the following benefits for this position, subject to applicable eligibility requirements: medical insurance, dental insurance, vision insurance, 401(k) retirement plan, basic life insurance, supplemental life insurance, disability insurance, and a variety of additional voluntary benefits (such as critical illness, hospital, and accident insurance).
$102.9k - $169.4k
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